Lincoln Silver Dollar Coins are all Gone

its a business. no one is forcing people to buy them at 150 or sponsoring other peoples cars. next thing we will start complaining about industrialists and capitalism.

 

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The reason some of us ordered more than one is because it doesnt hurt to make a little extra money with what you love! :hammer:

 

Capitalism and a free market economy has been very very good to me.

 

I don't think we have to worry about the feds taking over the coin collecting industry just make sure your lock box isn't in WAMU or Citibank (LOL)...

 

When the feds come, it will be with subpoenas NOT bail out money.

 

Good point. Heck, the can have my single coin if they want it...

 

The only way to reduce people from buying up the mint's inventory of any product is for them to limit the amount a person can purchase. Many will get around this by ordering in friend's names, different addresses, P.O. boxes with their business's name, etc. I think the mint figured this could happen and decided on what they did. All a person can really do is watch the mint's site and order early.

 

Do you guys think dealer would go to this extremes?

 

and i won't pay 150 dollars for one. plain and simple. i ordered it because i like it, but i don't like it that much.

 

Honestly, I wouldn't either but I'm thankful and blessed that there are many of those that will.

I'm planning on turning one of my MS dollars into a pocket piece. I bet it will look awesome worn down a tad.

 

It's not extreme at all. If your maximum is 200 per household (or address), and you have 2, then you can order 400.

 

Very true...and if they are speculating that they can make a 100%+ profit on it, God only knows how many addresses a guy would have orders shipped to. I think there will be a spike in prices, and then it will taper off to a price everyone who didn't order one in time will be willing to pay. So let these guys sit on them until the rush is over.

 

I agree with this analysis. As far as I'm concerned, I have my one proof coin (I always seem to prefer the Unc though, but not this time), and that'd the end of it for me.

Once the same happened to a portuguese coin, and I mistook the spike for a trend, buying it before it could be impossible to buy. That was a mistake...

 

I hope we are both correct. I only bought the Unc for now due to budget limitations. Hopefully, the craze will be over in a year or so. Then I'll scoop up the proof.

 

ARGHH! That's the thing! That one coin I'm talking about had its peak SIX years after being released. How could I have known??

I hope you get the poof soon.

 

I'm patient. I have Morgan dollars and Barber halves to work on while I wait. Plus I still don't have three of the key wheat cents. Maybe they'll come down in these hard economic times, but most likely not to my price range!

 

In my defense, I was 18, which entitles me to NOT be patient Besides, I didn't know anything about coins, pretty much.

 

I've heard they are called sliders so I have my Lincoln proof, in the plastic, as a modern day slider. When things are not going well for me I pull it out and think of what he did for us and talk about having bad days- this man went through hell from what I've read about him...

 

good luck on the 1909 VDB S coin. I found one that in VG condition that they want $800 for it...

 

I wouldn't get caught up in the hype and get so discouraged. Just wait. While you're waiting, grab a Redbook and look back at all the commemoratives that have come out in the past, look at their mintage figures and then look them up on ebay and see what you can get them for. They're just as nice.

Example 1: 1992 Columbus Silver dollar commemorative. I love this coin and I own one. Awesome design. Most everybody has long forgotten about these. 385,241 proofs minted. You can buy these for less than $40 dollars, graded, ungraded, all paperwork, all you want on ebay.

106,949 MS minted. They're just as cheap. There's buy it nows for $27 right now. Probably less than what they originally cost from the mint.

Example 2: 2006 Ben Franklin Founding Father. Another coin I really like and own. Proofs were limited to only 142,000!! Far less than this Lincoln. I picked up a PCGS PF69 DCAMEO for $42.00 locally and there was a stack of them under the one I bought.

Moral of the story is, I no longer assume that 500k is a low mintage for anything. It just isn't unless the numbers of people in this hobby change drastically.
It may seem low when things come out and there's a lot of hype and 'buzz'. But a few years pass and the interest 'the majority of the time', wanes. I say that because it isn't always true of course. As seems to be the case with the Buffalo. But I will bet the odds are with you that in a couple years, you'll be able to pick up any 09 Lincoln silver dollar commem, 69 graded for less than 50 bucks. Just like most everything else. Despite how popular Lincoln is. Let the anniversary year fade away. Now isn't the time to buy. Save your money and buy all you want in a couple years.

Now the penny set on the other hand, limited to 50k has a chance to be big. I may actually invest in that offering when it comes out. I only believe this because the copper pennies should be extremely popular and 50k MAY be a low enough mintage to sustain long term value and maybe increase. Maybe.